_u-s-oil-prices-rise-as-manufacturing-slows.jpg "U.S. Oil Prices Rise as Manufacturing Slows from a71 price drop Video Screenshot Preview")
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✓ Published: 24-Apr-2024
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✓ Published: 24-Apr-2024
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U.S. oil prices rose yesterday in response to hopes that interest rate cuts could be on their way.According to the S&P flash U.S. manufacturing survey showed American manufacturing fell to a four month low in March, with a reading of 49.9.A reading below 50 suggests the economy is contracting, which could push the Fed to cut rates sooner rather than wait for later in the year.
U.S. oil prices rose yesterday in response to hopes that interest rate cuts could be on their way.According to the S&P flash U.S. manufacturing survey showed American manufacturing fell to a four month low in March, with a reading of 49.9.A reading below 50 suggests the economy is contracting, which could push the Fed to cut rates sooner rather than wait for later in the year.
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